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DCO Energy is building a new 7-megawatt power plant that takes advantage of advanced technologies to energize, heat and cool Atlantic City's Borgata Hotel Casino & Spa and the Water Club. "The bottom line is it will result in a less expensive and more reliable form of energy," said Project Director Dan Jones. It is not unusual for a casino in Atlantic City to need its own small power plant as they need a significant amount of electricity.

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The Commodity Futures Trading Commission is expected to grant Japan Securities Clearing operational status as Asia's second derivatives-clearing organization, says Ananda Radhakrishnan, outgoing director of the CFTC Division of Clearing and Risk. "This may also allow the CFTC to use Japan as a model to other [central counterparties] seeking U.S. recognition," said Michael Steinbeck-Reeves, managing consultant at Catalyst.

Leonard Green & Partners is the bidder that offered $250 million for MGM Resorts International's 50% stake in the Borgata, sources say. The buyout firm, founded in 1989, also submitted an unsuccessful bid for the M Resort Spa Casino in Las Vegas. The Borgata Hotel Casino & Spa was the most profitable casino in Atlantic City, N.J., for the first half of the year.

Owners of the Cosmopolitan of Las Vegas are to meet with the Nevada Gaming Control Board. The gaming board will make a recommendation on whether the hotel-casino should receive a gaming license. The 2,995-room resort is scheduled to open Dec. 15 on the Las Vegas Strip.

Lawyer Lewis Katz acquiesced to licensing demands by the Pennsylvania Gaming Control Board on Wednesday. The board had been asking Katz, an adviser for the Foxwoods Casino project, to apply for a gaming license for several months, but he objected. Katz's daughter, Melissa Silver, is involved in Foxwoods through a charitable trust for the project.

The New Jersey Casino Control Commission granted the Borgata Hotel Casino & Spa a new five-year license. The Borgata, which opened in 2003, remains Atlantic City's leading casino with more than $695 million in revenue for 2009. MGM Mirage put its 50% ownership stake in the Borgata up for sale in March, but no buyers have come forward yet.